If you’re confused about how to get started with crypto, you’re not alone. The concept of digital currency is still in its infancy and careful consideration should be made before investing. But if you’re thinking about dipping your toe in the crypto world, here are some of the best tools to get started.
I’m recommending these tools because like you’ve I’m just getting started. I began learning and investing in crypto back in August of 2021. My business mentor and friend is involved in a project called $Joke, and I was invited to be one of the first investors in this project.
Having no idea what I was getting into or how to even get the crypto investment to the project, I took a deep dive into the world of crypto and haven’t looked back. The first lesson I learned was this…
Get Started with Crypto – The Wallet
One of the most essential crypto tools is a digital wallet. This is where you’ll store your tokens and keep track of your balance. There are many different wallets to choose from, so do some research to find one that suits your needs.
Exchanges where you buy crypto is not the same as a wallet. The two exchanges below are ones that I use and recommend. Each one gives you the option to create a DeFi wallet. Which I do recommend. You don’t want you crypto sitting on the exchange, you want it in your DeFi wallet.
For me, buying exchange platforms are:
- Klever – This is both a buying and a trading platform. You can quickly purchase crypto, send crypto, and they boast having the lowest fees and fastest network. 100% true in my experience
- You can swap cryptos – mobile & desktop
- Note that every transaction has a fee and in the crypto world it is known as ‘gas’ fee.
- Never invest more than you are willing to lose. Always use risk management
- Crypto.com – is a pretty popular wallet and trading platform for all cryptos.
- buy and exchange cryptos – mobile only
- 24 hour hold on all new wallets created to send or receive money.
- easy to use
- great Crypto card benefits if you choose to stake
- Ability to create a DeFi Crypto wallet
Cold Crypto Wallet
A new term that I’ve learned recently is ‘cold crypto wallet’, now if you are about to get started with crypto, you might not need this right away, but you will in the future.
Q. What is a cold crypto wallet?
A. Cold storage is offline crypto currency storage. Any crypto wallet that is NOT connect to the internet is considered cold storage or cold wallet. The most common type of cold wallet is a hardware device that connects to your computer.
The two cold wallets I can recommend are those listed below. Do your research and choose which one you like best.
- Ledger – hardware wallet, aka hard wallet. Main principle is to provide full isolation between the private keys and your easy-to-hack computer or smartphone.
- Trezor – hardware wallet also. Seems to hold more diverse cryptocurrency.
I highly recommend getting a cold wallet if you are planning to invest, farm, trade, or P2E (play to earn).
News & Updates
Finally, make sure you stay up-to-date on the latest news and developments in the world of cryptocurrency. This will help you make informed decisions about your investments. By familiarizing yourself with these tools, you’ll be well on your way to becoming a savvy crypto investor.
Some of my favorite resources to get my news and education from are:
- Tradeknolgy – Learn to be your won boss in this new digital economy. I go here for my Crypto education. Hands down the best educator in the industry.
- CoinMarketCap – Follow the crypto market. Great tool for learning about all the different cryptos.
- Bloomberg — new source for all things financial, Forex, Crypto, and Trading Market
Never invest more than you are willing to loose. Do your own research. Trust yourself. Know that you will make mistakes getting into crypto and that is all part of the cost of your crypto education. I’ve paid it also.
If you have questions or enjoyed this post, comment down below. I love hearing from you.
Yours in Gratitude,
P.S. Learn more about Crypto with my mentor and friend. Education is Key